A person has business income of ₹ 3,20,000. His Long Term Capital Gain is ₹ 45,000 and Short term Capital loss is (₹ 25,000). What will be his total income in this case ?

CS Executive · Tax Laws · PYQS · December 2024
A person has business income of ₹ 3,20,000. His Long Term Capital Gain is ₹ 45,000 and Short term Capital loss is (₹ 25,000). What will be his total income in this case ?
(A) ₹ 3,20,000
(B) ₹ 3,40,000
(C) ₹ 2,95,000
(D) ₹ 3,65,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act

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